State Ports Authority receives $4 million offer on Port Royal parcel

By Liz Segrist
lsegrist@scbiznews.com
Published Aug. 4, 2014

The S.C. Ports Authority has received a $4 million offer for part of its Port Royal site.

The offer is for one of the three parcels on the 300-acre site in Beaufort County.

The S.C. State Ports Authority has been seeking a buyer for its 300-acre Port Royal site for years. (Photo/Phil Alling)
The S.C. State Ports Authority has been seeking a buyer for its 300-acre Port Royal site for years. (Photo/Phil Alling)

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It’s the only current offer on the table, though other parties have expressed interest in the property, according to ports authority spokeswoman Erin Dhand. The ports authority has been trying to sell its closed operations in Beaufort County for nearly a decade.

The ports authority has also initiated a new appraisal of the Port Royal site to comply with a recent law requiring the port to sell the site by the end of June 2015 or have it auctioned off by the state.

“We are waiting for that information to come back and it will be part of our evaluation of the offer,” Dhand said in an emailed statement.

The former port operation that opened in the 1950s has been sitting idle since operations closed there about a decade ago. Over the years, several deals have come close to closing.

The town of Port Royal wants to buy the property and revive it for economic development and tourist activity with residential, office, hotel and retail space.

A group of residents that operate under the name “Sell It Now” has been attending port meetings and circulating a petition to get the empty site under town ownership and into development. The port is in discussions with the town, but nothing has been finalized.

Reach staff writer Liz Segrist at 843-849-3119 or @lizsegrist on Twitter.

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